Centerpoint Advisors LLC Has $285,000 Holdings in Invesco QQQ (NASDAQ:QQQ)

Centerpoint Advisors LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 11.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 642 shares of the exchange traded fund’s stock after buying an additional 64 shares during the period. Centerpoint Advisors LLC’s holdings in Invesco QQQ were worth $285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after purchasing an additional 28,263,426 shares in the last quarter. Global Assets Advisory LLC bought a new stake in shares of Invesco QQQ during the first quarter worth approximately $1,580,776,000. Commonwealth Equity Services LLC raised its stake in shares of Invesco QQQ by 7.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after buying an additional 162,691 shares during the last quarter. CHURCHILL MANAGEMENT Corp raised its stake in shares of Invesco QQQ by 30.7% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after buying an additional 433,317 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Invesco QQQ by 2.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,496,636 shares of the exchange traded fund’s stock worth $664,521,000 after buying an additional 38,471 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.2 %

Shares of QQQ traded up $1.18 on Monday, reaching $497.34. 21,928,581 shares of the company’s stock were exchanged, compared to its average volume of 40,404,836. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $497.89. The business has a 50 day moving average price of $461.28 and a two-hundred day moving average price of $439.72.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be paid a $0.7615 dividend. This represents a $3.05 annualized dividend and a yield of 0.61%. The ex-dividend date is Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.